Pulmonary Drug Delivery Systems Market Key Challenges and Growth Analysis 2022
The global pulmonary drug delivery systems market size was valued at USD 52,670.16 million in 2021 and is poised to grow at a significant CAGR of 5.8% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC On “Global Pulmonary Drug Delivery Systems Market: By Product Type (Metered Dose Inhaler, Nebulizer, Dry Powder Inhaler), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Disease Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Pulmonary Arterial Hypertension, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography - Global/Region/Country Forecast to 2028.”
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Growing preference towards non-invasive techniques is driving the Global Pulmonary Drug delivery Systems:
Pulmonary drug delivery systems work effectively in the treatment of illnesses such as cystic fibrosis and asthma. Different respiratory disorders are treated with the pulmonary route. This drug delivery system delivers the medication through the respiratory tract. The pulmonary drug delivery is obtaining popularity due to its target specificity. It is mainly employed to treat the conditions like delivery of locally acting drugs directly to the sites of action.
Increasing prevalence of different chronic illnesses including bronchitis, chronic pulmonary illness and tuberculosis are projected to drive the pulmonary drug delivery systems market growth. Another important factor is the minimum dosage needs creates demand for pulmonary drug delivery systems market. The preference of the non-invasive techniques is experiencing the market growth. A few more factors such as increasing funds and technological developments are anticipated to fuel the market growth. But, the government regulatory problems in the approval of the product would hinder the pulmonary drug delivery systems market growth.
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North America accounted for major share in the Global Pulmonary Drug Delivery Systems Market:
On the basis of regional analysis, global pulmonary drug systems market is categorized into major regions such as Latin America, Europe, Asia Pacific, Middle East, Africa and North America. North America pulmonary drug delivery systems market is projected to expand at fast growth rate because of the increasing prevalence of respiratory disorders. Growing consciousness regarding the modern treatment options and its adoption is anticipated to create healthy growth opportunities over the evaluation time span.
Competitive Analysis - Global Pulmonary Drug Delivery Systems Market:
Major players working in the global pulmonary drug delivery systems market are Sunovion Pharmaceuticals Inc. (U.S), AstraZeneca plc (U.K), Omron Corporation (Japan), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), GlaxoSmithKline (U.K) and 3M (U.S).
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